economy

Canada’s unemployment rate ticked up to 6.2 per cent in May as the job market continued to show signs of weakness. Statistics Canada’s latest labour force survey showed the economy added 27,000 jobs last month – too modest of a gain to keep the unemployment rate from rising by a tenth of a percentage point. The report suggests the […]

The Bank of Canada cut its key interest rate for the first time in more than four years today, marking a major turning point in its fight against inflation. Governor Tiff Macklem says the Bank of Canada has more confidence inflation is moving closer to its two per cent target, citing various indicators that suggest […]

 Once again, the two main parties in the Legislature were busy painting contrasting pictures of the economic situation for businesses looking to make a go of it in Saskatchewan. The opposition NDP spent Tuesday afternoon roasting the Sask Party government over the latest business closure figures released from Statistics Canada, with Saskatchewan seeing an overall decrease of […]

The Canadian economy lost momentum after a roaring start to the year, reinforcing economists’ expectations that the Bank of Canada is on track to cut interest rates in the coming months.  Statistics Canada reported Tuesday that real gross domestic product rose 0.2 per cent in February. That followed a 0.5 per cent gain in January.  […]

Opposition Leader Carla Beck took aim at the jobs record of Premier Scott Moe in announcing her party’s Hire Saskatchewan Plan. The NDP announced details of that policy plank both at the Legislature and in a news release on Monday. According to their news release, the NDP plan calls for the province to prioritize growing Saskatchewan […]

The inflation rate ticked up from 2.8 per cent in February to 2.9 per cent last month as we paid more for gasoline. Statistics Canada reports gas prices rose 4.5 per cent from a year ago, partly due to an increase in global oil prices. Shelter prices rose up 6.5 per cent, mortgage interest costs jumped 25.4 […]

To get an idea of the financial toll extreme weather is taking on this country’s agriculture industry, look no further than the government of Saskatchewan’s books. The prairie province had forecast a more than $1 billion surplus for the fiscal year ending March 31, 2024, but fresh budget documents released last month show that surplus […]

As its facility in Regina is heading into maintenance time, Federated Cooperatives Limited says its investing 140 million dollars into the refinery and attached operations. For 47 days, the site will be teeming with workers doing various maintenance and upgrades.  Federated Cooperatives says 2200 additional temporary jobs will be filled. With more workers on site, […]

BALTIMORE (AP) — A tugboat pushing a fuel barge was the first vessel to use an alternate channel to bypass the wreckage of Baltimore’s collapsed Francis Scott Key Bridge, which had blocked traffic along the vital port’s main shipping channel. The barge supplying jet fuel to the Department of Defense left late Monday and was […]

Empire Co. Ltd. chief executive Michael Medline said there’s no evidence that a grocery code of conduct would raise food prices for Canadians. The president and CEO of Sobeys’ parent company made the comment at a Retail Council of Canada event in Toronto on Tuesday. Medline said he wouldn’t support a grocery code of conduct […]